I don’t often trade penny stocks, but the reward to risk here on THLD – Threshold Pharmaceuticals is worth a shot. The stock is technical play here on a higher pivot low. Be aware, there’s added risk to this one with a conference presentation tomorrow (Tuesday), discussing their cancer treament. The higher high triggered the trading pattern’s buy signal. I’m buying in the 1.70′s if I can, and filled some at 1.83 so far. Stop is placed under yesterday’s low, with the realization that coming news could blow the stock right through that stop.
